102 40 Summit Avenue, London North

Bedrooms: 5
Bathrooms: 3
Type: Townhouse
Added: 3 weeks ago
Updated: 3 weeks ago
Last Checked: 1 week ago
Listed by: TEAM GLASSER REAL ESTATE BROKERAGE INC.
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Listing description
This Townhouse at 102 40 Summit Avenue London North, ON with the MLS Number x12341981 listed by DUSTIN MERCIER - TEAM GLASSER REAL ESTATE BROKERAGE INC. on the London North market 3 weeks ago at $514,900.

Welcome to this updated 5-bedroom, 2.5-bath townhouse in North London. The exterior features a modern brick-and-siding facade with a small front stoop and convenient surface parking directly in front of the unit. 102-40 Summit Ave is a prime opportunity for investors, students, or families seeking a flexible, low-maintenance lifestyle in a highly connected location. Boasting a projected 7.34% cap rate and potential rental income of $3,750/month, this property offers exceptional returns in one of the city's strongest rental markets. Inside, the bright open-concept main floor creates an inviting space for gathering and entertaining. Large sliding glass doors with curtains and vertical blinds flood the space with natural light and provide direct access to the private patio. The kitchen, filled with natural light, flows seamlessly into the living area with its durable, dark wood-look LVP flooring which is ideal for high-traffic use. A full-size refrigerator (black) is positioned conveniently near the kitchen/living transition, and there is a coat/entry closet offering additional storage right off the front door. Upstairs, the large primary bedroom with double closets provides ample storage, while the additional bedrooms are well-sized and functional with sizable windows that bring in daylight. The fully finished lower level adds even more value with two generous bedrooms, a full bathroom, and laundry facilities; perfect for maximizing rental potential or accommodating extended family. Outside, a fenced private patio backs onto mature trees and green space, creating a peaceful retreat to relax or study. With thoughtful updates and a layout ideal for shared living, this turnkey property could deliver both immediate cash flow and long-term appreciation potential. The well-maintained complex is within walking distance to Cherryhill Mall, grocery stores, and parks, with quick access to Western University and all the amenities the area is known for. Opportunities like this don't last! Add a high-performing asset to your portfolio or move into a perfect family home today! (id:1945)

Property Details Key information about 102 40 Summit Avenue